am best cyber report News

Insurers Must Totally Reassess Approach to ‘Grim’ Cyber Insurance Market: AM Best

With the cyber risk hazard environment—ransomware, business interruption and aggregation—worsening significantly, “prospects for the U.S. cyber insurance market are grim,” according to an AM Best report. According to the global rating agency’s analysts, insurers “urgently need to reassess all aspects …

What 3 Experts Are Saying About Pipeline Attack and Cyber Insurance

Here is what AM Best, Fitch Ratings and CyberCube think about the recent ransomware attack that shut down Colonial Pipeline: AM Best: Spotlight on Cyber Insurance The ransomware attack on one of the largest pipelines in the United States highlights …

U.S. Cyber Insurers Face Changing Landscape; Top 20 Cyber Insurers

Cyber insurers have been enjoying a profitable run for several years but are now facing a changed risk landscape with data breaches, ransomware attacks, insurance claims and overall threat awareness increasing. In a report, “Cyber Insurance: Profitability Less Certain as …